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This #1 (Strong Buy) Consumer Discretionary Stock is a Smart Buy Right Now

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·2 min read
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It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.

Should You Buy #1 (Strong Buy)-Ranked Pool Corp. (POOL) for Your Portfolio?

Pool Corp. was upgraded to the Zacks Rank #1 list on May 28, 2022. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Based in Covington, LA, Pool Corp. is the world's largest wholesale distributor of swimming pool supplies, equipment and related products. In addition, the company is a leading regional wholesale distributor of irrigation and landscape products. The company was incorporated in the State of Delaware in 1993 and grew from a regional distributor to a multi-national, multi-network distribution company.

Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.92 to $18.54 per share. POOL also boasts an average earnings surprise of 24%.

Analysts are expecting earnings to grow 22.1% for the current fiscal year, with revenue forecasted to rise 19.5%.

POOL has been moving higher over the past four weeks as well, up 0.2% compared to the S&P 500's loss of 0.5%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Pool Corp. could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.


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